Duplex Apartment in Porto. Invest in Portugal.

Portugal is an increasingly popular tourist destination positioned between Spain and the Atlantic Ocean. More specifically Porto, the capital of the northern region has seen a 32% increase in property values. Therefore, this Duplex Apartment, in Porto is part of a 16th Century conservation project. The Developer uses juxtaposition perfectly. Mixing the contemporary life and passions of the modern-day traveler against the more traditional designs & structure of the 16th Century. Thus, curating an impressive opportunity for Investors to jump into the Portuguese property market.


Investing in Porto, particularly traditional properties, presents an opportunity to lease serviced apartments within the thriving tourism industry. With its traditional and rustic charm, this apartment would be suitable as a holiday rental (or Airbnb)

Duplex Apartment in Porto. Invest in Portugal.

Portugal is an increasingly popular tourist destination positioned between Spain and the Atlantic Ocean. More specifically Porto, the capital of the northern region has seen a 32% increase in property values. Therefore, this Duplex Apartment, in Porto is part of a 16th Century conservation project. The Developer uses juxtaposition perfectly. Mixing the contemporary life and passions of the modern-day traveler against the more traditional designs & structure of the 16th Century. Thus, curating an impressive opportunity for Investors to jump into the Portuguese property market.


Investing in Porto, particularly traditional properties, presents an opportunity to lease serviced apartments within the thriving tourism industry. With its traditional and rustic charm, this apartment would be suitable as a holiday rental (or Airbnb)

Price
452,529€

Status
Under Construction

Apartment Size
76 Sqm

Delivery
April 2020

Floor
0+1

Developer
Ergicon

Price
452,529€

Status
Under Construction

Apartment Size
76 Sqm

Delivery
April 2020

Floor
0+1

Developer
Ergicon

Continue
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Over the last few years, Portugal has become a vibrant centre for tourism, with over 20 million tourists visiting the country in 2017. Following prudent steps taken by the Portuguese government over the last few years, the country’s economy has successfully recovered from the financial crisis in 2008 and has managed to keep growing steadily and consistently since 2014.


Ernst & Young have reported that foreign investments in Portugal are currently skyrocketing, and all relevant economic measurements are in a positive trend. The Portuguese real estate market growth started simultaneously with Portugal’s recovery from the financial crisis. Since 2014, the housing prices have increased exponentially.

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Porto. The capital of Portugal’s Northern Region is the second largest city in the country and home to about 240,000 residents.


Numerous local corporations have established their headquarters within its area and are responsible for the employment of many of the city’s residents. Porto has a highly developed public transportation system. The light rail train spans across 60km, making it the largest urban public transportation system in Portugal.


According to a report published in 2018 by Cushman & Wakefield, the shortage in residential apartments in and the high demand, has led to a significant increase of about 32% in the value of apartments between 2013 and 2017.

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Characteristics: Conservation project in downtown Porto, including 13 unique and different apartments. The ancient structure in which the apartment is located has been standing since the 16th century and has been uniquely crafted to translate modern & traditional architecture.


Location: The building is located on 77 Flores Street, in downtown Porto. This street serves as a scenic and vibrant boulevard, bustling of tourists, coffee shops, and commercial areas.


Developer: Ergicon is an engineering and contractor company, active mainly in Portugal and Angola. Furthermore, they have obtained over two decades of experience in the field of real estate development.

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Capital Gains

  • According to a report published by Cushman & Wakefield, Porto’s real estate prices have increased by 32% between 2013 and 2017. The corporation’s experts estimate that the flow of foreign investments into Porto will help increase the demand for residential apartments.
  • In 2017, the house prices in Porto have increased by 5.28%.

Rental Yield

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One of the mains benefits to investing in Portugal is the Golden Visa programme. A system that was put into place by the government that allows investors to claim citizenship 5 years after the purchase.


Key Details

  • Applicable to investors who purchase real estate worth over €500,000
  • Dual Nationality and EU citizen
  • Free-movement across EU countries
  • Beneficial for UK investors if there's a no deal Brexit.
  • Tax relief from real estate income
  • Your whole family is eligible

For more information, read our article discussing the benefits of the Golden Visa. Alternatively contact us if you have any questions about eligibility.

FAQs

Simply click the "invest" button on the property listing to start your global property journey. With our platform we'll support you with contracts and the entire management of the project right up to construction completion.

  1. After decided to invest through our platform, our representatives will contact you in order to guide you through the next stage of the process.
  2. The next step may involve meeting with a Notary at a location (in your home country) convenient for you, and to sign a Power of Attorney in his presence. This allows us to represent and facilitate the investment process for you.
  3. Following from this, you’ll be requested to transfer the investment amount to the dedicated ancillary account, in accordance with the amortisation schedule. In addition, you’ll be required to transfer the management and platform service fees.

One of the main benefits to using our platform to procure new property developments is the use of our management services. Although, this page makes us look more like a realtor, we are not.

We provide a management service to property investors looking to diversify their portfolio abroad. Which will include managing the entire sales process, negotiations with the Property Developer, Interior Designers and Contractors. In addition, we'll help you set up a bank account and perform all the legal legwork.

In a nutshell -- with your investment you will receive:

  • Full management of the procurement process
  • Organisation of all legal and bureaucratic procedures
  • Regular construction updates & photographs
  • Ability to pay with instalments
  • Payment is not required through our platform
  • Fully Managed after purchase; including Tenant Sourcing & General Management
  • Everything can be viewed & managed from your Investmart account

No. There is no need to transfer a credit card nor a bank account number on the website. All the payments within the framework of the purchase are carried out by personal bank transfers.

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